numbercruncher
Beware of Dropbears
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House prices to keep falling for years
- Thread starter Pommiegranite
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love the heading.....just be careful....the falling prices might have more to do with the inferior props selling on the market and bringing the overall prices down....
versus the average ordinary house prices that would ordinarily be selling....
suburb I watch closely and am very familar with the area....only the bottom end of the market has been turning over...and its not a house most of us would aspire to or consider.....the better homes are not for sale...
so of course the median prices are showing a decline....if in an ordianry market you have 10 low priced homes, 10 average priced, and 10 above average....its a normal market...
but the suburb I watch as had on average only 30 low priced homes selling each month for the past 6 months....totally screws up the median average for that period....
but hey...it makes the media and scaredy cats doomsday scenarios appear to come true....
one needs to delve a bit deeper into the figures and circumstances before assuming the worst....
cheers
versus the average ordinary house prices that would ordinarily be selling....
suburb I watch closely and am very familar with the area....only the bottom end of the market has been turning over...and its not a house most of us would aspire to or consider.....the better homes are not for sale...
so of course the median prices are showing a decline....if in an ordianry market you have 10 low priced homes, 10 average priced, and 10 above average....its a normal market...
but the suburb I watch as had on average only 30 low priced homes selling each month for the past 6 months....totally screws up the median average for that period....
but hey...it makes the media and scaredy cats doomsday scenarios appear to come true....
one needs to delve a bit deeper into the figures and circumstances before assuming the worst....
cheers
numbercruncher
Beware of Dropbears
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Australian median down for 2008....
Thats one nil folks .....
we are adjusting for inflation as well ?
lets check back in 2010.
Thats one nil folks .....
we are adjusting for inflation as well ?
lets check back in 2010.
If , as I have found, all the lower priced properties are selling, rather than the usual average priced homes, with a mix of low priced, medium priced and high prices as per a normal marklet.....
then of course the median price will come down....
you may need to delve deeper to find the truth behind the lower median values now.....
an old saying ...'traps for players'....
the median value does not necesarily mean all the houses sold for a lower price....it could be that more lower priced homes were on the market and sold.....
there are a couple of us that actually track the sales in suburbs we watch...and that has been the case....good average houses have been taken off the market....only the bottom of the market has been selling....
but hey if that sounds good to you...and fits in with the news....
the media just take it as a news story and run with it....
no detail or behind the scene to find the details....comes back to the anchoring thing we all apparently suffer from....preconceived ideas that we do not budge on
then of course the median price will come down....
you may need to delve deeper to find the truth behind the lower median values now.....
an old saying ...'traps for players'....
the median value does not necesarily mean all the houses sold for a lower price....it could be that more lower priced homes were on the market and sold.....
there are a couple of us that actually track the sales in suburbs we watch...and that has been the case....good average houses have been taken off the market....only the bottom of the market has been selling....
but hey if that sounds good to you...and fits in with the news....
the media just take it as a news story and run with it....
no detail or behind the scene to find the details....comes back to the anchoring thing we all apparently suffer from....preconceived ideas that we do not budge on
hello,
i think its 1 all Numbercrunch, remember the thread "House prices to stagnate for years", over three years old and during that period some ripper gains were made,
i think a dark horseman whipped in and closed the thread because it was just too embarrassing
oh yeah, well done robi 14.8% for the year.
yeah i know i know, i have to wait it takes time after the shonk market collapse thats how it goes
thankyou
robots
numbercruncher
Beware of Dropbears
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Yes v nice work Robi !
Should lock in those gains with a line of credit ?
Should lock in those gains with a line of credit ?
numbercruncher
Beware of Dropbears
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Its free money or something someone was saying ...
not sure really, new 21st century invention ....
not sure really, new 21st century invention ....
Body found dumped in Park orchards. how nice. Gee I live Victoria. Will sell up and buy there as per robies advice lol
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hello,
don't be sidetracked if "line of heroin" pops up.
effect of overdosing on either can be the same.
thankyou
aussiebots
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homeowners represent 70% of the housing market, renters 30%....govt provides ??? guess 10% of the rental market....so 20% investors (homeowners) also contribute....that makes up about 90% market....give or take a % here and there....
so when some of those homeowners elect to sell, or lose their jobs and forced to sell...they become renters....will the other renters take up the slack and buy the houses ???....
either way a large majority are owners...or investors or both.....
a good % of renters are young ones, working on careers, not ready to take the plunge.....
we probably have maybe !% are waiting for the houses to drop in price and become home owners....
but they make up a greater % of the voices on these forums....
there are people who will rent all their lives...their choice and happy with it....but they dont whinge about it either....
renters should be proud of themselves....make a choice and stay convicted, and do not have to worry about this subject...houses up down sideways, who cares
so when some of those homeowners elect to sell, or lose their jobs and forced to sell...they become renters....will the other renters take up the slack and buy the houses ???....
either way a large majority are owners...or investors or both.....
a good % of renters are young ones, working on careers, not ready to take the plunge.....
we probably have maybe !% are waiting for the houses to drop in price and become home owners....
but they make up a greater % of the voices on these forums....
there are people who will rent all their lives...their choice and happy with it....but they dont whinge about it either....
renters should be proud of themselves....make a choice and stay convicted, and do not have to worry about this subject...houses up down sideways, who cares
I get the feeling you seem to be worried that people do not share your same perspective? and even bothered at the fact some wish to discuss these thoughts?
There are some that even believe that there is a general social good in having lower priced property for all.. not necessarily for our own individual benefit, but to ensure everybody in Australia has an enjoyable standard of living. I don't think some can understand that perspective.
There are some that even believe that there is a general social good in having lower priced property for all.. not necessarily for our own individual benefit, but to ensure everybody in Australia has an enjoyable standard of living. I don't think some can understand that perspective.
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See this , a little big to post here -
https://www.aussiestockforums.com/forums/showthread.php?t=13964
https://www.aussiestockforums.com/forums/showthread.php?t=13964
Glen48
Money can't buy Poverty
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Spoke to a bloke in Perth ho has paid $392 to a house that was listed at $475 he thinks he got a good deal and can't see that $392 is now top of the market but that was a few days ago so it will be lower now.
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